Trade XBR/USD and XTI/USD with Titan FX Technology MT4
Trade Energy Commodities like Crude Oil
Titan FX recently improved the range of tradable commodities with the addition of two exciting new oil pairs: XBR/USD (Brent Crude or UK Oil) and XTI/USD (West Texas Intermediate Crude or US Oil). Despite the oil market being globalised, local issues can create trading opportunities in different regions; this means we can offer two different oil contracts that are affected by both worldwide issues as well as those closer to home.
Sustained higher oil prices and new extraction technologies have encouraged new exploration into oil fields in the US, reversing the decline in domestic oil production – areas such as North Dakota and Montana have been experiencing exceptional growth in production since 2008. After drilling was initially encouraged by sustained high prices, the price of US oil crashed in 2014 due to an oversupply and inventory build-up – leading to a growing divergence between the price of Brent Crude and WTI.
|Brent Oil||XBR/USD||03:00 - 23:59|
|WTI Oil||XTI/USD||01:00 - 23:59|
|Energy - Oil||Standard/Islamic|
Brent Crude vs US Dollar
|0.59 pips||0.59 pips
West Texas Intermediate vs US Dollar
|0.57 pips||0.57 pips